Retail sales have spiked over the last few months. You would think that would be great news for retailers, right?
Not so fast.
The mainstream is concerned about the Fed pushing the economy into a mild recession as it battles inflation. Peter Schiff recently appeared on NTD News to talk about the economy. He said the recession is already here and it’s not going to be mild!
The price analysis last month identified the near-term risk that gold could fall below $1880 and even $1850 despite a medium-term bullish outlook. The $1800 level was identified as a key marker for keeping the bull move intact. So far, that has held and produced a solid bounce back towards $1850 which becomes the next hurdle.
This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.
There is a lot of spin out there when it comes to economic news. You get spin from the corporate media, You get spin from government officials. And you get spin from central bankers. In this episode of the Friday Gold Wrap, host Mike Maharrey spins the spin, breaking down the media take on the retail sales numbers and Jerome Powell’s spin during a talk this week. Whom should we believe? Listen and decide.
It’s the Fed’s “hold my beer” moment.
After more than a year in which Federal Reserve leadership appeared clueless, pollyannish, and indecisive, the Fed is conducting a full-throated messaging campaign to show that it is as serious as cancer about the inflation surge that is scaring the bejesus out of consumers, investors, and economists.
Federal Reserve Chairman Jerome Powell spoke during the Wall Street Journal’s Future of Everything Festival on Tuesday and continued to talk tough about fighting inflation, all the while spinning Keynesian economic myths. In his podcast, Peter broke down Powell’s comments and talked about what he thinks the central bank will really end up doing.
This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.
When I was about seven or eight years old, I remember my mom taking me to the bank to open a savings account. She explained that if I put some of my allowance in savings, that money would grow over time.
Well, that doesn’t work anymore.
American consumers are in a sour mood, but they haven’t stopped spending money. The problem is they’re spending money they don’t have. And they’re getting less for it.
